Endgame time for $ETH?
$ETH Dominance is in a free fall since June 2023 and dropped to 7.35% — its lowest since 2020.
- At ATH TVL ($144B, 2021), Dominance was ~13%
- When dominance hit 22% in 2022, TVL was already down to $90B
Interestingly, throughout the ENTIRE Bear Market, $ETH Dominance stayed in the 20% range.
Since Q4 2023, TVL has rebounded — but $ETH Dominance keeps falling.
In that time, as the market started to overflow with new altcoins, interest in $ETH took a sharp dive—and it's still falling.
So far, there's no sign of any comeback.
